Solar

Nov 18, 2024

Enel Adopts Cautious Approach to U.S. Solar Panel Project Amid Policy Uncertainties

Enel’s CEO, Flavio Cattaneo, announced a cautious stance on the company’s U.S. solar panel project, contingent on securing a majority U.S. investor, reflecting anticipated policy shifts under the incoming administration.

Amid expectations of policy changes under President-elect Donald Trump’s administration, Enel is reassessing its U.S. solar panel project, emphasizing the need for a majority U.S. investor to proceed. Despite this cautious approach in the U.S., Enel remains committed to its investments in Brazil and Chile, focusing on renewing concessions for distribution grids and addressing challenges posed by climate events. The company’s updated strategy through 2027 includes a planned investment of approximately 43 billion euros, with a significant portion directed toward Europe and the Americas. Read more

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